| European shares test two-year highs, yen volatile before BOJ Posted: 21 Jan 2013 07:36 AM PST  LONDON (Reuters) - European shares inched towards two-year highs on Monday, as a political attempt to break a budget impasse in the United States and expectations of aggressive Japanese stimulus bolstered the appetite for shares. U.S. House Republican leaders said on Friday they would seek to pass a three-month extension of federal borrowing authority in the coming days to buy time for the Democrat-controlled Senate to pass a plan to shrink budget deficits. ...
|
| Dreamliner probe widens after excess battery voltage ruled out Posted: 20 Jan 2013 10:43 PM PST  WASHINGTON (Reuters) - U.S. safety investigators on Sunday ruled out excess voltage as the cause of a battery fire this month on a Boeing Co 787 Dreamliner jet operated by Japan Airlines Co (JAL) and said they were expanding the probe to look at the battery's charger and the jet's auxiliary power unit. Last week, governments across the world grounded the Dreamliner while Boeing halted deliveries after a problem with a lithium-ion battery on a second 787 plane, flown by All Nippon Airways Co (ANA), forced the aircraft to make an emergency landing in western Japan. ...
|
| House Republicans seek vote to extend debt limit to May 19 Posted: 21 Jan 2013 12:23 PM PST  WASHINGTON (Reuters) - Republican leaders in the House of Representatives have scheduled a vote on Wednesday on a nearly four-month extension of U.S. borrowing capacity, but the bill does not specify a dollar amount. Legislative language released by the House Rules Committee on Monday said the bill aims "to ensure complete and timely payment of the obligations of the United States Government until May 19, 2013. ...
|
| Eurogroup bids farewell to mercurial Juncker, heralds new era Posted: 21 Jan 2013 03:43 PM PST  BRUSSELS (Reuters) - It started as an informal dinner among European finance ministers more than 14 years ago and has steadily gained prominence under its veteran president, Jean-Claude Juncker. But on Monday the grey-haired Juncker, 58, handed the reins of the Eurogroup to a polished 46-year-old Dutchman, promising a new approach to how economic policy among the 17 euro zone countries is shaped and decided. ...
|
| EU states to get go-ahead for tax on trading Posted: 21 Jan 2013 03:30 PM PST BRUSSELS (Reuters) - Germany, France and nine other euro zone countries will get the go-ahead on Tuesday to start work on a financial transactions tax, a measure likely to unsettle banks and trading houses but which will please voters and could raise much-needed revenue. European Union finance ministers are expected to give their approval at a meeting in Brussels, allowing 11 states - Germany, France, Italy, Spain, Austria, Portugal, Belgium, Estonia, Greece, Slovakia and Slovenia - to start preparations for imposing a tax on all financial market transactions. ... |
| Analysis: Asia's junk bond rally near exhaustion Posted: 21 Jan 2013 01:32 PM PST  SINGAPORE/HONG KONG (Reuters) - Yield-chasing investors, whose hunger for income powered a long rally in Asian junk-rated bonds, are finally feeling the first symptoms of indigestion after a year-long binge. The signs of excesses in the rally that left some junk bond holders with returns of 45 percent in 2012 are several. In the first week of the new year, investors put in an overwhelming $45 billion of bids for $1.75 billion of bonds offered by three junk-rated property firms from China. ...
|
| Global jobless to hit record 200 million this year: ILO Posted: 21 Jan 2013 03:06 PM PST  GENEVA (Reuters) - The global jobless queue will stretch to more than 200 million people this year, the International Labour Organization said in its annual report on Tuesday, repeating a warning it has made at the start of each of the last six years. The U.N. jobs watchdog estimates unemployment will rise by 5.1 million this year to more than 202 million, and by another 3 million in 2014, following a rise of 4.2 million in 2012. If those predictions are right, global unemployment will hit a record. ...
|
| RIM shares rise to 13-month high on strategic review hopes Posted: 21 Jan 2013 01:04 PM PST  TORONTO (Reuters) - Shares of Research In Motion surged to a 13-month high on Monday after its chief executive said the company may consider strategic alliances with other companies after the launch of devices powered by RIM's new BlackBerry 10 operating system. In an interview with a German newspaper on Monday, Thorsten Heins, the chief executive, said RIM's ongoing review could potentially lead to the sale of its handset business or the licensing of its software to rival smartphone companies. "The main thing for now is to successfully introduce Blackberry 10. ...
|
| New York banker Gordian Group to advise Hostess' bakery union Posted: 20 Jan 2013 03:30 PM PST  NEW YORK (Reuters) - The union and pension fund for Hostess Brands Inc has hired Gordian Group, an investment bank specializing in distressed cases, to help preserve jobs and workers' benefits at the bankrupt maker of Twinkies snack cakes as Hostess negotiates with buyers. New York-based Gordian, which has no institutional loyalties to funds or bondholders in Hostess, will provide conflict-free advice for the welfare of the company's workers, The Bakery and Confectionery Union and Industry International Pension Fund (Bakers Fund) said. ...
|
| ECB's Weidmann says bond buy conditions problematic: paper Posted: 20 Jan 2013 04:01 PM PST  FRANKFURT (Reuters) - The European Central Bank's demand for governments to reform their economies as a condition for the ECB buying their debt could compromise central bank independence, governing council member Jens Weidmann was quoted as saying on Monday. Weidmann, who also heads Germany's Bundesbank, was the only ECB policymaker to vote against the Outright Monetary Transactions (OMT) program, which enables the ECB to buy government bonds of heavily-indebted countries against reform promises. ...
|
| Obama: We must reduce health costs, deficit Posted: 21 Jan 2013 09:12 AM PST  WASHINGTON (AP) — President Barack Obama says the nation must make the "hard choices" to reduce the cost of health care and the size of the deficit.
|
| Obama says decade of war ending Posted: 21 Jan 2013 09:07 AM PST WASHINGTON (AP) — President Barack Obama says that a decade of war is now ending and an economic recovery has begun. |
| Obama officially signs Cabinet nominations Posted: 21 Jan 2013 12:32 PM PST  WASHINGTON (AP) — Minutes after his inauguration speech Monday, President Barack Obama signed documents officially submitting top administration nominations to the Senate.
|
| Boeing investigation turns to battery maker Posted: 21 Jan 2013 08:18 AM PST  TOKYO (AP) — Japanese and U.S. investigators began a probe Monday into the maker of the lithium ion batteries used in Boeing's grounded 787 jets.
|
| Atari US files for Ch. 11 to separate from parent Posted: 21 Jan 2013 01:16 PM PST NEW YORK (AP) — Video game maker Atari's U.S. operations have filed for Chapter 11 bankruptcy protection in an effort to separate from their French parent company, which is filing a similar motion separately in France. |
| Algeria attack poses fresh security issues Posted: 21 Jan 2013 09:39 AM PST  LONDON (AP) — The deadly attack on an Algerian natural gas complex will do little to discourage the drive for lucrative energy exploration in northern Africa, experts say, but it is forcing companies to increase security after largely ignoring the risks of operating in the remote desert region.
|
| Glimmer of hope in US debt talks buoys markets Posted: 21 Jan 2013 09:58 AM PST  LONDON (AP) — Hopes that U.S. politicians will be able to reach a deal on raising the government's debt limit, avoiding the risk of a disastrous default, supported global markets on Monday, when Wall Street will remain closed for a holiday.
|
| China's Huawei criticizes US security complaints Posted: 21 Jan 2013 12:49 AM PST  BEIJING (AP) — Chinese tech giant Huawei on Monday criticized U.S. claims the company might be a security risk as trade protectionism that harms consumers.
|
No comments:
Post a Comment